Fossil Energy
Kenz Figee teams up with Saudi Drill
Kenz Figee has recently signed a partner agreement with Saudi Drill.
Popular news, May 6 – 12, 2019
Offshore Energy Today’s most popular news of the past week.
K Line Offshore sheds 15-year-old platform supplier
Shipowning and operating company K Line Offshore AS has sold one of its platform supply vessels to Gard Supply AS.
Update: 7 workers in intensive care after Saipem vessel blast in Caspian Sea
Of the fourteen offshore workers injured this week in the “Israfil Huseynov” vessel fire in the Caspian Sea, off Azerbaijan, seven are still in intensive care.
CIMC confirms Bluewhale I rig deal with CNOOC
China’s CIMC Raffles has confirmed it has signed a two-year contract with CNOOC for the lease of the giant ultra-deepwater semi-submersible drilling rig – the Bluewhale I.
Aker BP drills duster in North Sea
Norwegian oil and gas player Aker BP has failed to find hydrocarbons after drilling a wildcat well in the North Sea.
OKEA looking to raise $100M via Oslo IPO
Norwegian oil and gas firm OKEA is planning to raise $100 million via an initial public offering and is going to apply for listing on the Oslo Stock Exchange.
Vantage Drilling’s net loss deepens
Offshore drilling company Vantage Drilling International saw its net loss deepen in the first quarter of 2019.
Northern confirms long-term jack-up deals with Qatar Petroleum
Drilling contractor Northern Offshore has signed Letters of Award for two long-term contracts for its newbuild jack-up drilling units with Qatar Petroleum.
U.S. Coast Guard monitoring Gulf of Mexico gas leak
The U.S. Coast Guard has informed that it is monitoring a natural gas and condensate release from an orphan well four nautical miles southeast of Bob Hall Pier near Corpus Christi, Texas.
Anadarko, Oxy sign takeover deal
The U.S. oil company Anadarko has agreed to be acquired by Occidental Petroleum after Chevron on Thursday said it wouldn’t raise a previously placed takeover bid.
BSOG pens deal to use Transgaz pipelines for Midia gas project
Black Sea Oil & Gas and Transgaz have signed a memorandum of understanding for the use and development of the gas transmission pipelines network for the Midia Gas Development (MGD) project.
Chevron drops Anadarko takeover pursuit. Takes $1B termination fee
U.S. oil major Chevron will not be increasing its initial bid for the takeover Anadarko and expects the previously agreed deal to be terminated as Anadarko has entered into takeover talks with Oxy who recently submitted a superior offer.
Medco expected to complete Ophir buy next week
The impending acquisition of Ophir Energy by Indonesia’s Medco is expected to close on May 17, as relevant approvals have been received in Tanzania. As previously reported, the two companies had on January 30 struck a deal on the terms of the proposed acquisition under which Medco was to buy Ophir f